Bel Fuse Inc. (NASDAQ:BELFB) to Issue $0.07 Quarterly Dividend

Bel Fuse Inc. (NASDAQ:BELFB) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, November 1st. This represents a $0.28 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Tuesday, October 15th.

Bel Fuse has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bel Fuse to earn $4.97 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 5.6%.

Bel Fuse Stock Performance

NASDAQ:BELFB traded down $4.44 during trading hours on Friday, reaching $64.79. 27,221 shares of the stock were exchanged, compared to its average volume of 103,758. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $67.31 and a 200-day simple moving average of $63.59. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $76.09. The stock has a market capitalization of $817.65 million, a P/E ratio of 11.65 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The company had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter last year, the business posted $1.95 EPS. As a group, sell-side analysts forecast that Bel Fuse will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BELFB has been the topic of a number of research reports. Needham & Company LLC increased their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Northland Securities increased their price target on Bel Fuse from $63.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.